Knowing zoning laws, property taxes, and landlord-tenant laws will help you navigate potential pitfalls.To expand your knowledge, engage with real estate investing websites and forums such as Bigger Pockets.

Indicators are showing that price drops in the MF sector may be near bottom, and activity is picking up in the coming year. 

I am active duty military and I will be PCSing to NAS Pensacola, hopefully, within the next 6-12 mos.

@John Ki Passively investing in real estate syndications is a great way to get exposure to real estate investing for those who don't have the time or knowledge needed to actively buy real estate.  

You can couple that news with the news out of China today that they have decided to cut their interest rate, lower Bank Reserves, (banks can lend more money) and make it easier for people to buy houses and they are also actively pumping money into their stock market which is to say we were going to have the massive inflation going forward.

Looking forward to engaging with you all and being a part of this incredible community!

You should report the income and expenses on Schedule C (Form 1040), as it is considered part of an active business.

It will still be doing real estate activities.

I could definitely appreciate your purchase if you are running a more active and construction based real estate business but I have some qualms about liability and would want to know more about your business structure.   

We have a clause in ours stating all vehicles on premise must have an active registration.